UP Government Targets Rs 2 Lakh Crore in Exports, Plans to Increase Export Promotion Budget
The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, is targeting exports worth Rs 2 lakh crore in the current financial year. In a review of the Export Promotion Department, State Industrial Development Minister Nand Gopal Gupta Nandi announced plans to increase the department’s annual budget to promote exports. The government is prioritizing exports and will be introducing a supplementary budget to create a separate item to provide better facilities to foreign buyers. The Minister directed officials to increase exports by holding meetings with entrepreneurs and comparing UP’s exports with those of other states. The state’s exports have doubled in the last five years, with an export value of Rs 1.74 lakh crore in the financial year 2022-23. The government plans to increase exports by 20 lakhs annually to achieve a target of Rs 3 lakh crore in the next five years.
English Summary:
The UP government is targeting exports worth Rs 2 lakh crore in the current financial year. The government plans to increase the budget for export promotion and create a separate item to provide better facilities to foreign buyers. The state’s exports have doubled in the last five years, with an export value of Rs 1.74 lakh crore in the financial year 2022-23. The government plans to increase exports by 20 lakhs annually to achieve a target of Rs 3 lakh crore in the next five years.
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